The First National Bank announced on February 23, 2015, that Michael R. Radliff has been selected as its next President and Chief Executive Officer. Radliff, a Chief Financial Officer in the financial services industry for the past twenty years, was approved by The First National Bank’s Board of Directors during its meeting on February 17th.
“We are extremely fortunate to have Mike join The First National Bank and the Board is pleased to appoint him the role of CEO and president,” said Todd Shulman, Chairman of the Board of Directors. “His vast experience and motivation equip him well for the challenges ahead. We have a strong foundation and we are confident that with Mike’s leadership, The First National Bank will have a successful future.”
“I am very excited to join The First National Bank. Recognizing that Ernie will be hard to follow, I am confident that the staff, management team, and Board will make the transition as smooth and successful as possible,” said Radliff. “I look forward to building upon the legacy of the past 150 years and I am grateful for this opportunity the Board has entrusted to me.”
Radliff graduated from Millikin University with a Bachelor’s Degree in Accounting in 1985 and became a Certified Public Accountant in 1987. Radliff worked as an auditor before beginning his banking career in 1993 with Credit Union 1. Through the years Radliff was an integral part in helping Credit Union 1 successfully complete over thirty acquisitions growing the credit union from $120 million to $750 million in assets. As the Senior Vice President and Chief Financial Officer, Radliff has seen the number of locations grow from seven to twenty-three.
He and his wife, Robin, have been married for thirty years and have two children. Their daughter, Lauren, and her husband, Aaron, reside in O’Fallon, Illinois where she is a teacher and a coach at the O’Fallon Township High School. Their son, Luke, lives in Chicago, Illinois where he works at Kemper Corporation in the Financial Leadership Program – Tax Department.
Radliff will replace Ernie Chappel, who has served as the Bank President and Chief Executive Officer since 1991. Under Chappel’s leadership, The First National Bank has seen continuous growth from one to seven locations and from $71 million in total assets to over $300 million today. He will continue to serve The First National Bank as Vice Chairman until his official retirement at the April 2016 Annual Stockholders meeting. “I am very pleased about Mike joining The First National Bank family as our 10th President. He will be a big addition to an already strong staff and management team. I look forward to working with Mike and the board during this transition over the next year”.
“Ernie has been tireless in his commitment to The First National Bank, our customers, employees, stockholders and the communities we serve,” said Shulman. “He is a rare leader, recognized among his industry peers. He has enhanced the bank’s performance and stature. We congratulate him on his twenty-five years with The First National Bank.”
The First National Bank has seven facilities in Vandalia, Ramsey, Patoka, Mulberry Grove, and Greenville. Chartered in 1865, The First National Bank is celebrating its 150th anniversary this year.